Claims Manager - General Insurance

Our client is looking for a suitable candidate to fill the position of General Insurance Claims Manager.

If you have 10 or more years of experience in claims management in a general insurance, general takaful, reinsurance or retakaful environment, we would be pleased to hear from you. Prior takaful experience is an added advantage.

The company is based in Kuala Lumpur.

Further information

Claimant wins in court

The Sessions Court in Seremban has awarded close to RM160,000 to a claimant whose claim was rejected by Great Eastern on the basis of non-disclosure.

Summary of the case and ruling:

• Policyholder disclosed to agent and panel doctor of her suffering from heavy or prolonged menses
• Both agent and panel doctor who examined policyholder failed to note this fact on their forms
• Policyholder was diagnosed with cancer of the uterus a year after taking out policy
• Claim was rejected by Great Eastern on the ground of non-disclosure
• Court awarded RM100,000 claim plus 8% interest p.a.

Source: NST

Impact of economic downturn on GI industry

The general insurance industry is predicting the following impact of economic downturn:

• Rise in claims (e.g. vehicle theft claims, fire, robbery, other property theft claims), due to increase in crime rate
• Cost cutting by companies, hence preventive measures will be deferred
• Increase in moral hazards, e.g. fire claims

Source: Business Times